Another airline bites the dust amid Myanmar’s overcapacity
Air Mandalay has suspended all scheduled and charter services to restructure its business, the fourth domestic airline in Myanmar to wind up in the face of high fuel prices and slower than projected demand. Myanmar’s second oldest airline suspended services starting from Sept 4, with no confirmed date for the resumption of operations. Air Mandalay’s spokesperson said this would be subject to market conditions. The airline joins Air Bagan, Apex airline and FMI Air to have wound down, leaving 6 domestic businesses to compete in the sector. The company stated that it “has been extremely difficult” to operate in the country and the situation has worsened since 2011, when “a number of new airline licenses were approved to operate in the country. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-09-11/unaligned/another-airline-bites-the-dust-amid-myanmar2019s-overcapacity
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Another airline bites the dust amid Myanmar’s overcapacity
Air Mandalay has suspended all scheduled and charter services to restructure its business, the fourth domestic airline in Myanmar to wind up in the face of high fuel prices and slower than projected demand. Myanmar’s second oldest airline suspended services starting from Sept 4, with no confirmed date for the resumption of operations. Air Mandalay’s spokesperson said this would be subject to market conditions. The airline joins Air Bagan, Apex airline and FMI Air to have wound down, leaving 6 domestic businesses to compete in the sector. The company stated that it “has been extremely difficult” to operate in the country and the situation has worsened since 2011, when “a number of new airline licenses were approved to operate in the country. <br/>
